The Shanghai Composite has extended yesterday's losses and is now officially in "correction" - down over 11% from its highs yesterday.
This is the biggest 2-day drop since August 2009
The much-heralded Shenzhen Composite is also down over 11% from yesterday's highs...
Intraday, a small opening ramp has been demolished in Shenzhen, CHINEXT, and CSI-300...
This has all happened since Hanergy's CEO exposed the endgame of the biggest Ponzi market ever
Charts: Bloomberg
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